KopTalk.com Forums Football Liverpool FC Forum Liverpool's owners lose £42.6m

From BBC news:
The parent company of Liverpool FC, owned by Tom Hicks and George Gillett, lost £42.6m in the year to August 2008.

The loss was mainly due to the £36m of interest payments that Kop Football Holdings had to make to service the debt taken on to buy the club.

Its auditors warned that the need to refinance loans by 24 July cast "significant doubt" on the future of the group as a going concern.

But they added the club's owners were confident they would secure the funds.

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How confident can we be in this financial crisis that these two charlies can refinance their loan? We can hardly expect Barack Obama to do a GM on this one!!!

F yankees :@ It is time to sell their shares and stay away from football! They could f up our summer transfers!

Let's pray!

moores should never have sold us to the yanks and he and parry just have had no backbone, no guts to stand up and do the right thing!

In this current financial climate, there are quite a few US companies that would be happy with that kind of loss. Keep in mind all of the US banks and large US companies (Chrysler, GM, etc) that have gone down the sh1tter. We could be looking at them going under completely. Those guys having a bad result doesn't reflect directly on Liverpool. We are still a viable football club and would be attractive to anyone to buy from them if they had to liquidate any of their assets to get out of trouble. It could be good for us too. They could finally sell us to the Saudi's